The global youth unemployment rate is a concern, especially for global business leaders and nonprofits that advocate for lowering the poverty rate. As of 2016, there were 71 million unemployed people between the ages of 15 and 24, according to the International Labor Union (ILU). There are many ways to fix this problem, but one way to help unemployed youth in developing countries is by supporting global education.
This is a problem that affects all the countries of the world, but is especially hard on youths in developing countries. The increased number of unemployed youths in developing regions such as the Caribbean, Latin America and Western Asia had a great impact on the overall increase of the global youth unemployment rate, while numbers of youth unemployment rate in developed countries stayed about the same. Additionally, many jobs that youths can get in developing countries are low-paying jobs. The ILU estimates that 38 percent of working youths are living in extreme poverty (less than $3.10 a day).
Supporting global education is an investment in the youths of developing countries. With an education, the younger generation can learn the skills they needed to get higher paying jobs. A report conducted by the International Commission for Financing Global Education Opportunities found that 40 percent of employers worldwide had difficulty finding people with the required skills for their job openings. By investing in global education, more people can enter the workforce with in-demand skills and find more opportunities. In the long run, this enables the economy to grow and helps the country develop.
One organization supporting global education is Global Partnership for Education (GPE). GPE focuses on developing countries and brings together teacher organizations, private foundations and international organizations in order to strengthen educational systems. GPE’s goal is to make inclusive education accessible to everyone by the year 2030.
GPE is just one organization that is focusing on education to lower the unemployment rate of youths. If students in developing countries can access and gain the skills they need for jobs, the poverty rate for those developing countries will improve.
– Deanna Wetmore